Tower Research Capital Trc Lifted Stake in Pnc Finl Svcs Group (PNC); As General Electric Co (GE) Stock Declined, F&V Capital Management Has Raised by $2.37 Million Its Position

May 21, 2018 - By Winifred Garcia

The PNC Financial Services Group, Inc. (NYSE:PNC) Logo

F&V Capital Management Llc increased its stake in General Electric Co (GE) by 99.3% based on its latest 2017Q4 regulatory filing with the SEC. F&V Capital Management Llc bought 139,145 shares as the company’s stock declined 23.20% with the market. The institutional investor held 279,270 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $4.87M, up from 140,125 at the end of the previous reported quarter. F&V Capital Management Llc who had been investing in General Electric Co for a number of months, seems to be bullish on the $132.91B market cap company. The stock increased 2.23% or $0.33 during the last trading session, reaching $15.3. About 56.01M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since May 21, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Tower Research Capital Llc Trc increased its stake in Pnc Finl Svcs Group Inc (PNC) by 340.33% based on its latest 2017Q4 regulatory filing with the SEC. Tower Research Capital Llc Trc bought 6,228 shares as the company’s stock rose 2.09% while stock markets declined. The institutional investor held 8,058 shares of the finance company at the end of 2017Q4, valued at $1.16 million, up from 1,830 at the end of the previous reported quarter. Tower Research Capital Llc Trc who had been investing in Pnc Finl Svcs Group Inc for a number of months, seems to be bullish on the $70.03B market cap company. The stock increased 0.27% or $0.4 during the last trading session, reaching $149.16. About 701,416 shares traded. The PNC Financial Services Group, Inc. (NYSE:PNC) has risen 26.21% since May 21, 2017 and is uptrending. It has outperformed by 14.66% the S&P500.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It is negative, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Exchange Cap Management Incorporated reported 0.52% of its portfolio in General Electric Company (NYSE:GE). 3.75M were accumulated by Keybank Association Oh. Advsrs Capital Mgmt Lc reported 49,036 shares. Cls Investments Limited Liability holds 104 shares. Chesley Taft & Limited Company reported 405,102 shares. Crawford Inv Counsel Inc owns 129,601 shares or 0.07% of their US portfolio. Mitchell Mcleod Pugh And Williams has invested 0.48% of its portfolio in General Electric Company (NYSE:GE). Edgar Lomax Communication Va reported 0.31% in General Electric Company (NYSE:GE). American Assets Management Ltd Liability has 450,000 shares. Jefferies Group Ltd Liability Com accumulated 903,985 shares. Eaton Vance Management stated it has 0.38% of its portfolio in General Electric Company (NYSE:GE). Ahl Ptnrs Llp holds 556,626 shares or 0.15% of its portfolio. Sns Fincl Grp Llc, a Minnesota-based fund reported 36,208 shares. Wealthtrust reported 3,801 shares. Barrett Asset Ltd Liability Company stated it has 363,946 shares.

More notable recent General Electric Company (NYSE:GE) news were published by: Marketwatch.com which released: “GE nears $20 billion deal to sell transportation unit to Wabtec: report” on May 21, 2018, also Livetradingnews.com with their article: “General Electric Company (NYSE:GE) Stock Worth Watching” published on May 18, 2018, Seekingalpha.com published: “General Electric’s Death Could Be Best For Shareholders” on April 25, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “3D printing for the military at GE” published on May 02, 2018 as well as Bizjournals.com‘s news article titled: “General Electric drops again on Fortune 500 list” with publication date: May 21, 2018.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 102 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, January 4 by Tigress Financial. As per Thursday, January 25, the company rating was maintained by Citigroup. The firm has “Buy” rating given on Thursday, January 21 by Citigroup. The firm has “Outperform” rating given on Thursday, October 5 by Credit Suisse. On Tuesday, June 13 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Tuesday, November 14 by Bank of America. The company was maintained on Monday, April 9 by J.P. Morgan. The firm has “Buy” rating given on Wednesday, April 12 by Credit Suisse. The firm has “Hold” rating given on Tuesday, August 25 by Deutsche Bank. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Stifel Nicolaus on Thursday, February 15.

Since January 26, 2018, it had 1 insider buy, and 0 selling transactions for $43,446 activity.

Since December 8, 2017, it had 0 insider buys, and 3 selling transactions for $10.73 million activity. Reilly Robert Q also sold $2.85M worth of The PNC Financial Services Group, Inc. (NYSE:PNC) on Friday, December 15. $1.24M worth of The PNC Financial Services Group, Inc. (NYSE:PNC) was sold by HANNON MICHAEL J on Wednesday, January 17.

Investors sentiment increased to 1.04 in 2017 Q4. Its up 0.17, from 0.87 in 2017Q3. It improved, as 40 investors sold PNC shares while 337 reduced holdings. 99 funds opened positions while 294 raised stakes. 376.44 million shares or 0.65% less from 378.89 million shares in 2017Q3 were reported. Dorsey & Whitney Ltd holds 7,768 shares or 0.21% of its portfolio. Massachusetts Financial Communications Ma holds 0.62% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC) for 10.17M shares. Wms Lc invested in 0.06% or 3,884 shares. Gamco Investors Et Al holds 0.65% or 721,149 shares. Dana Inv Advsrs Incorporated stated it has 22,829 shares or 0.14% of all its holdings. Dupont Management stated it has 0.12% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Cap Glob Investors holds 13.52 million shares or 0.57% of its portfolio. Cranbrook Wealth Mngmt Limited Liability reported 0% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Ferguson Wellman Cap Mngmt Incorporated owns 17,858 shares or 0.09% of their US portfolio. Cipher Limited Partnership holds 58,567 shares or 0.67% of its portfolio. Burke And Herbert Retail Bank And owns 1,980 shares for 0.24% of their portfolio. Evermay Wealth Mngmt Ltd stated it has 0.24% in The PNC Financial Services Group, Inc. (NYSE:PNC). Contravisory Inv Mgmt invested in 101 shares. Palladium Prtn Ltd Com reported 28,114 shares stake. Hm Payson And Com reported 0.02% in The PNC Financial Services Group, Inc. (NYSE:PNC).

Tower Research Capital Llc Trc, which manages about $775.20M US Long portfolio, decreased its stake in Vanguard World Fds (VCR) by 7,064 shares to 8,855 shares, valued at $1.38 million in 2017Q4, according to the filing. It also reduced its holding in Wintrust Finl Corp (NASDAQ:WTFC) by 5,228 shares in the quarter, leaving it with 197 shares, and cut its stake in Powershares Etf Trust (PNQI).

More notable recent The PNC Financial Services Group, Inc. (NYSE:PNC) news were published by: Prnewswire.com which released: “Millennials’ Parents Encouraged Them To Save, Not Invest: PNC Investments Survey” on May 09, 2018, also Bizjournals.com with their article: “Six Pittsburgh-area companies on 2018’s Fortune 500 list” published on May 21, 2018, Gurufocus.com published: “Third Avenue Exits Johnson Controls, Amgen Positions, Reduces PNC” on May 16, 2018. More interesting news about The PNC Financial Services Group, Inc. (NYSE:PNC) were released by: Bizjournals.com and their article: “Saving but not investing tips passed from parents to millennials, PNC study says” published on May 11, 2018 as well as Seekingalpha.com‘s news article titled: “How Far Could PNC Financial Fall?” with publication date: May 09, 2018.

General Electric Company (NYSE:GE) Institutional Positions Chart

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